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harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the place, we'll do what we have to fight back." john cornyn says if democrats change the rules, it will shut down the senate, it's such an abuse of power. you might ask how their threats of a shutdown differ materially from the shutdown senate now when the minority will not allow a majority vote on anything giving them the power to control the senate. we called the two senators and asked specifically what they propose to do if they manage to tweak the filibuster. senator cornyn's office got back to us, but not with an answer. senator coburn did not respond, but he did give polit
harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the...
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Nov 28, 2012
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much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ingredient to really nailing down a fiscal cliff deal? could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with s
much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american...
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Nov 27, 2012
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comments from harry reid saying he was disappointed in the lack of fiscal cliff talks. two sides maybe still far apart. that spooking investors. dow jones industrial average down 71 points, basically on our lows of the day. let's wrap up our recovery road trip with one of the big economic engines, worst pun ever by the way, for charlotte, north carolina. it's estimated nascar has added more than $5 billion to the area. we're joined my marcus smith, the president of publicly traded speedway motor sports. they own nine tracks, sonoma and the charlotte motor speedway. thanks for joining us. i know you and your dad sometimes have had a con ttentis nascar a bit. what do you see happening in 2013? >> i think we have great news as a sport. nascar is a tremendous economic engine for the charlotte region, as you mentioned. it's a great economic engine wherever there is a nascar race. over $150 million are generated by having one nascar weekend in a given city. >> wow. $150 million to every town. >> you got it. average fan travels over 300 miles one way. we have more fortune 500
comments from harry reid saying he was disappointed in the lack of fiscal cliff talks. two sides maybe still far apart. that spooking investors. dow jones industrial average down 71 points, basically on our lows of the day. let's wrap up our recovery road trip with one of the big economic engines, worst pun ever by the way, for charlotte, north carolina. it's estimated nascar has added more than $5 billion to the area. we're joined my marcus smith, the president of publicly traded speedway...
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Nov 29, 2012
11/12
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now the democrats are saying entitlement reform is off the table. >> greta: senator harry reid says the debt ceiling has to be part of it. it's too late to talk about that. it will hit the end of december, have an impact in february, when they hope to get tax refunds, and the government has no money. is there any way that you would vote to raise the debt ceiling? >> no. listen, what i would do, i'm not going to block it. what we need to do, is we need to restore confidence, remove the uncertainty in this economy. >> greta: what would you do? >> what i would do personally? >> greta: yes. >> democrats, last time we passed cut, cap and balance, which did increase the debt ceiling, but it had solutions to the problem. you know, a balanced budget amendment, limiting the sizes of government, and cut some spending. that was a valid -- that was a good plan. also increased the debt ceiling. we should do the same thing this time. democrats won't go along with it. i recognize that. i recommend we don't block them. we say, okay, you guys can increase the debt ceiling, but no more than a trillion do
now the democrats are saying entitlement reform is off the table. >> greta: senator harry reid says the debt ceiling has to be part of it. it's too late to talk about that. it will hit the end of december, have an impact in february, when they hope to get tax refunds, and the government has no money. is there any way that you would vote to raise the debt ceiling? >> no. listen, what i would do, i'm not going to block it. what we need to do, is we need to restore confidence, remove...
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Nov 29, 2012
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i talked to harry reid earlier today. i asked him whether or not tim geithner had brought a specific offer up here to the republicans from the president. he said no. no specific offer today. in fact, he said the president made the offer from the democrats two weeks ago, and that's the offer that stands now. so, guys, a very high-stakes poker game here on capitol hill right now. treasury secretary geithner meeting with nancy pelosi, the democratic leader in the house, as we speak. we expect to hear from her, probably not him, in about a half an hour. >> what is soon? no deal soon. we're 32 days away. this is just mind boggling. >> you mean it's going to go down to the wire? what a surprise, eamon. >> washington loves brinksmanship. they love deadlines. they're incapable, they've proven time and time again throughout history, they're incapable of coming to a deal before that deadline. my guess is, based on seeing these things before, that's where we're going here. right until mid to late december before we get a final deal.
i talked to harry reid earlier today. i asked him whether or not tim geithner had brought a specific offer up here to the republicans from the president. he said no. no specific offer today. in fact, he said the president made the offer from the democrats two weeks ago, and that's the offer that stands now. so, guys, a very high-stakes poker game here on capitol hill right now. treasury secretary geithner meeting with nancy pelosi, the democratic leader in the house, as we speak. we expect to...
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Nov 25, 2012
11/12
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harry reid, the democratic leader, said to the president, mr. president, could you please leave the room? i have covered presidents for four years. i know of no other time where the president was asked the meeting in his own house that he had called. i asked the president about this. i said how did it feel to be voted off the island in your own house. because that is what happened. he said that he was not going to stand on protocol, that the problem needed to be solved. but in the next day, he called democratic leaders to the white house from 6:00 o'clock on a sunday night. and harry reid is there, the house leader, the relations between and among the democrats are so not solved, that harry reid, is a chief of staff, makes a presentation on the deal if reid is trying to work out with the republicans. in the course of doing that, david corn says to the president of the united states, in the oval office is in his house, i am disappointed in this white house and you for not having a fallback plan. literally, again. somebody reading of the president
harry reid, the democratic leader, said to the president, mr. president, could you please leave the room? i have covered presidents for four years. i know of no other time where the president was asked the meeting in his own house that he had called. i asked the president about this. i said how did it feel to be voted off the island in your own house. because that is what happened. he said that he was not going to stand on protocol, that the problem needed to be solved. but in the next day, he...
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the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat,
the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit...
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Nov 29, 2012
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harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and e
harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes...
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Nov 26, 2012
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i understand why harry reid is trying to personalize it as grover. what harry reid doesn't want to say the american people do not want their taxes raised and they elect add republican congress opposed to raising taxes and harry reid is at odds with the american people. >>neil: they are looking like they are raising taxes, grover, is that a repudiation of you or recognition of the election? >>guest: the promise on the pledge is to the american people. what i have accomplished with americans for tax reform, is to make it easy, through the pledge, fowl elected officials, and candidates to credit bright commit they will not raise taxes. corker was elected because he took the learn and people thought he was too moderate and he would not made it but he made the written commitment to the people of tennessee. he would not be a senator today without the commitment f he breaks it he has to have a conversation with the people of tennessee about his keeping his word. the same thing with other people who are elected because they made that written commitment to th
i understand why harry reid is trying to personalize it as grover. what harry reid doesn't want to say the american people do not want their taxes raised and they elect add republican congress opposed to raising taxes and harry reid is at odds with the american people. >>neil: they are looking like they are raising taxes, grover, is that a repudiation of you or recognition of the election? >>guest: the promise on the pledge is to the american people. what i have accomplished with...
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Nov 27, 2012
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stocks are mostly lower with the senate majority leader harry reid said he was disappointed there was little progress in the fiscal cliff. the maps manager behind the maps program has reportedly been fired. rich williamson is the latest two have been given the acts. former software chief was pushed out late at last month. it is not clear if apple has found a replacement. taking a bite out of the smart phone market overtaking and trade the 12 weeks leading of the halloween more than doubled from one year-ago the market share exceeds 40%. now we continue countdown to the closing bell with liz cllman. liz: looking at the markets at the low the session the nasdaq s&p each down five points we're not trying to of view but it could cause havoc 34 days left for congress to reach a budget deal other wise spending cuts kick and. and tax hikes. we have decided to talk to state leaders what they're doing with this uncertainty. governors on the edge joining us now delaware governor, a great to have you here. as today we had pennsylvania governor and he said we have to prepare to separate budgets i
stocks are mostly lower with the senate majority leader harry reid said he was disappointed there was little progress in the fiscal cliff. the maps manager behind the maps program has reportedly been fired. rich williamson is the latest two have been given the acts. former software chief was pushed out late at last month. it is not clear if apple has found a replacement. taking a bite out of the smart phone market overtaking and trade the 12 weeks leading of the halloween more than doubled from...
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Nov 29, 2012
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nevada, senator harry reid's home turf. jane wells is talking to reid's constituents to find out how the fiscal cliff is affecting them. jane. >> reporter: harry reid's state has the highest unemployment rate and the second highest foreclosure rate in the country. and in nevada's second biggest city, one powerful man is concerned the fiscal cliff could bring on an economic reno 911. >> do a quick overview here. you're looking at a county the size of the state of plain. >> reporter: lance gillman is straight out of the wild west. he says he's used cash to build the tahoe reknee industrial center, a growing manufacturing and distribution hub. >> it's the largest fee-owned property in the state of nevada. >> reporter: he's been elected county commissioner and he owns a famous brothel. the mustang ranch. you have to be the most diversified businessman in america. wouldn't you say? >> i have a diversified portfolio. >> reporter: gillman is a republican in a state represented by one of america's most powerful democrats, harry rei
nevada, senator harry reid's home turf. jane wells is talking to reid's constituents to find out how the fiscal cliff is affecting them. jane. >> reporter: harry reid's state has the highest unemployment rate and the second highest foreclosure rate in the country. and in nevada's second biggest city, one powerful man is concerned the fiscal cliff could bring on an economic reno 911. >> do a quick overview here. you're looking at a county the size of the state of plain. >>...
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are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3 tax increases, 1/3 spending cuts. half of those spending cuts are going to come on the defense side. so you've only got 1/6 upsetting the democrats and 5/6 upsetting the republicans. the democrats are in a stronger porks i think it position. >> given the market reaction we saw yesterday is whether investors need to recalibrate their reaction that this will be resolved. if it's not, we know there will be economic fallout. but as it becomes more and more in the headlines, is there real risk that despite the improvement we've seen in consumer confidence, 9/11 busine -- even in business spending, that progress will be made. >> we think we're going to get a resolution. the fallout would be too great for either political party not to see a resolution of this. an
are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3 tax increases, 1/3 spending cuts. half of those spending cuts are going to come on the defense side. so you've only got 1/6 upsetting the democrats and 5/6 upsetting the republicans. the democrats are in...
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under majority leader harry reid's tenure the senate has failed to pass a budget over the past three and a half years even though passing a budget only requires a simple majority. vote. shep, back to you. >> shepard: doug mckelway on capitol hill tonight. thanks. integrity counts in the business world and the feds say a lack of integrity just got bp suspended from new government contracts. that's the word now after the company agreed to plead guilty to charges involving its response to the catastrophe in the gulf of mexico. just in case you have forgotten, 11 men died when the deep water horizon oil rig exploded and sank two years ago. that sat off an enormous environmental disaster. today officials with the environmental protection agency barred bp from any new government contracts because of what that department called a lack of business integrity. bp executives say they are talking to the agency and working to lift the suspension. two of the company's rig supervisors and one former executive today pleaded not guilty to criminal charges related to the disaster. the supervisors are
under majority leader harry reid's tenure the senate has failed to pass a budget over the past three and a half years even though passing a budget only requires a simple majority. vote. shep, back to you. >> shepard: doug mckelway on capitol hill tonight. thanks. integrity counts in the business world and the feds say a lack of integrity just got bp suspended from new government contracts. that's the word now after the company agreed to plead guilty to charges involving its response to...
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a talk with some of harry reid's constituents. jane, we downloaded from andrew's iphone showing mustang ranch. how is business in nevada? >> don't tell me wife. >> you're going to nienld out. it's rough. as we approach the fiscal cliff and harry reid's state has been slow. it's hit every industry in nevada and i mean every industry. >> how's business? >> it's been better. >> susan austin run as small business outside reno, nevada, but her business is different. it's a brothel. the legendary mustang ranch. >> this is one of our suites, the asian suite. austin thought the world's oldest profession would be recessionproof. not true. >> then went my high rollers. they discovered they didn't have the discretionary income and they couldn't play as hard as they used to. well that definitely dug into their wallets which definitely affected us. >> will the fiscal cliff impact the mustang ranch? >> well, if folks rub out of money and jobs, i suppose it could. >> gillman is a republican who is looking to nevada's powerful democrat harry reid
a talk with some of harry reid's constituents. jane, we downloaded from andrew's iphone showing mustang ranch. how is business in nevada? >> don't tell me wife. >> you're going to nienld out. it's rough. as we approach the fiscal cliff and harry reid's state has been slow. it's hit every industry in nevada and i mean every industry. >> how's business? >> it's been better. >> susan austin run as small business outside reno, nevada, but her business is different....
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the white house applauding harry reid's efforts. but rewind that to when the democrats were the minority party. mr. reid was a vocal supporter calling it a last check against abuse of power. joining me to explain. president obama said at the time -- in 2005 we had a president bush in the white house. the republicans controlled the senate and the house. the only way of stopping certain legislation at the time was in some cases to filibuster. the legislation or in many cases president bush's judicial nominees. and there was discussion -- there was discussion among republicans about getting rid of the filibuster it was never meant for this purpose. let's blow it up. let many get rid of it. and at the time this is what then senator obama said. everyone in this chamber the senate knows if the majority chooses to end the filibuster, then the fighting, birthsmen and gridlock will only get worse. i know republicans are getting lot of pressure to do this. we need to rise above the ends justify the means to all the people, not just those wear
the white house applauding harry reid's efforts. but rewind that to when the democrats were the minority party. mr. reid was a vocal supporter calling it a last check against abuse of power. joining me to explain. president obama said at the time -- in 2005 we had a president bush in the white house. the republicans controlled the senate and the house. the only way of stopping certain legislation at the time was in some cases to filibuster. the legislation or in many cases president bush's...
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i don't care what harry reid says. medicare and medicaid and social security have to be restructured, not fine tuned. obamacare has to be in play. >> eric: you don't want to see it on c-span? i do. >> andrea: you worked on the hill, i did. we worked in washington. the chances of it really happening on c-span would happen in the men's room and the hallways. call each other after the camera left the room. someone brought this idea to me and it's really crazy. what if republicans said i'm not going to vote on this. if you want higher tax increases, boehner brings it to the floor. they don't vote and this becomes the obama tax hike, the obama spending cut. on him. let him own it. they voted for him. let them own it. >> brian: house democrats going along with maybe john boehner caucus to pass it. that is how divided it could be. it could cost them the house. when it's said and done and we're sitting here on december 31, emergency session of five five -- i'll be here in case of injury -- there will be sitting there saying th
i don't care what harry reid says. medicare and medicaid and social security have to be restructured, not fine tuned. obamacare has to be in play. >> eric: you don't want to see it on c-span? i do. >> andrea: you worked on the hill, i did. we worked in washington. the chances of it really happening on c-span would happen in the men's room and the hallways. call each other after the camera left the room. someone brought this idea to me and it's really crazy. what if republicans said...
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so harry reid's strategy might be the easiest one. just say, look, this is not part of the conversation. we're talking a about the wars, the pentagon, talking about taxes, let's stick to that. look, you want to raise taxes and lower defense spending, we'll do that. if not, then p we go off this supposed cliff and then democrats are negotiating from an even stronger hand. >> i want to bring in senator jeanne shaheen. i'm wondering what you think about what he had to say, raise taxes or lower spending or going off the fiscal cliff. where are you? and how do you feel about tinkering with medicare and medicaid? >> look, i think we've got to put aside all of the sacred cows and really got to be willing, as dick durbin said, sit down and negotiate and come up with a plan, a long-term plan that's balanced, that looks at the domestic side of the budget, the defense side, the mandatory programs, and the revenue side. and if we're willing to do that, then i think we can get an agreement. but i think to go to the tax issue that you were talking
so harry reid's strategy might be the easiest one. just say, look, this is not part of the conversation. we're talking a about the wars, the pentagon, talking about taxes, let's stick to that. look, you want to raise taxes and lower defense spending, we'll do that. if not, then p we go off this supposed cliff and then democrats are negotiating from an even stronger hand. >> i want to bring in senator jeanne shaheen. i'm wondering what you think about what he had to say, raise taxes or...
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the only way to possibly do it is find out when harry reid will be speaking and go short. he's taking it down. mcconnell, in all fairness, really didn't do the markets any favored. >>> you're absolutely right, but i'll tell you one thing, is i do like hearing -- that sentence advertises the market to that possibility. >>> let's go to the former press secretary under jared bernstein, guys, great to have you on. i'm sure you were listening to the president. does at the sound like a president ready to make a deal, give a little bit? >> i think he has carefully not shut the door on putting entitlements on the table, how they'll raise taxes, though he certainly has shown his preference for the expiration of those top cuts, but look, i think the president made a very strong argument for agreeing on 98% of this, and he added an interesting analytical point, which joe know that he stressed so much in the past, even if you earn above $250,000, you actually do get a break on that first $250,000 by keep the tax rates where they are, not letting the lower tax rates reset. that's real
the only way to possibly do it is find out when harry reid will be speaking and go short. he's taking it down. mcconnell, in all fairness, really didn't do the markets any favored. >>> you're absolutely right, but i'll tell you one thing, is i do like hearing -- that sentence advertises the market to that possibility. >>> let's go to the former press secretary under jared bernstein, guys, great to have you on. i'm sure you were listening to the president. does at the sound...
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john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the highs of the day. the dow jones dust they stop 77 points, 45 to the upside. all 10 s. and p. sectors are jumping with technologies leading the way. research in motion a big winner. can you believe the stock is near $12 per share. rim was at $6 per share, but positive comments out of goldman sachs fueling the game. apple in the green continuing the postelection resurgence. apple was in bear market correction level just a few weeks ago, but right now jumping about 1%. disappointing november sales numbers. costs dropping 6%, tiffany got a markdown, earnings missed street estimates. and then there is aeropo
john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the...
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yesterday, when we heard from harry reid, that made the market sell off. these comments are market moving events. dennis: thank you. as for oil, it has been in the red for much of the morning. phil flynn standing by at the cme. >> a great day and oil today. we are down because of the fiscal cliff worries. we actually got a smaller than expected build and oil. we have a negative and oil. that normally would have normally been very, very bullish. it was huge. almost 3.68 million barrels. what is happening here is we saw a drop of 1.5 billion barrels. they could not get into new york harbor. they are showing up on shore in a big way. back to you. dennis: thank you. cheryl. cheryl: this could cost tens of thousands of jobs. dennis: toyota takes it turned out the auto show. first, let's take a look at the world currencies and the u.s. dollar. ♪ this is america. we don't let frequent heartburn come betweeus and what we love. so if you're o of th people who gets heaeartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn
yesterday, when we heard from harry reid, that made the market sell off. these comments are market moving events. dennis: thank you. as for oil, it has been in the red for much of the morning. phil flynn standing by at the cme. >> a great day and oil today. we are down because of the fiscal cliff worries. we actually got a smaller than expected build and oil. we have a negative and oil. that normally would have normally been very, very bullish. it was huge. almost 3.68 million barrels....
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harry reid did a similar vein to the market a couple days ago. you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap your at the president. he said this is a moment for adult leadership. the white house does have to get serious on spending cuts and entitlement reform. the republicans are trying to shift the discussion in this debate over to the spending that side. the entitlement reform side. the president hammering them on the tax side of it. especially spending, extending the bush tax cuts for the middle class. connell: are you noticing a difference? is that the way it is shaping up today that the democrats are more optimistic than the republicans because republicans do no
harry reid did a similar vein to the market a couple days ago. you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap...
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Nov 27, 2012
11/12
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is this a perry blow with the harry reid? >> the democratics, if they change the rules, can do it with 51 votes, so he doesn't have to be onboard but look, they're not talking about stripping the minority of the right to filibuster. they're talking about instead of saying oh, i'm going to filibuster and everything comes to a stand still that you actually have a and up and filibuster, that people would have to take the floor and read the phone book. i don't see anything wrong with that. there are a couple of proposals out there nothing that significantly reduces the power of the filibuster, harry reid read has experienced 385 filibusters during his time at senate leader. lyndon johnson faced one filibuster. it is overused and abused, and so i think mcconnell better get over it. >> it seems like he's going to have to. it seems he's almost resigned to be in the minority for a very, very long time. that's the behavior and demeanor of someone who is going to be in the minority. we almost got through the fill buster without mention
is this a perry blow with the harry reid? >> the democratics, if they change the rules, can do it with 51 votes, so he doesn't have to be onboard but look, they're not talking about stripping the minority of the right to filibuster. they're talking about instead of saying oh, i'm going to filibuster and everything comes to a stand still that you actually have a and up and filibuster, that people would have to take the floor and read the phone book. i don't see anything wrong with that....
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Nov 26, 2012
11/12
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>>reporter: and carney noted the president spoke with harry reid and speaker boehner over the weekend. everyone is anticipating another high profile white house meet this week on the fiscal cliff sources in congress say there is you not one on the schedule so far. >>shepard: over the weekend some republicans are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close loopholes but they don't want to raise tax rates. the republicans are saying the survey done by a group calls the winston group, a republican research firm, says 65 percent of americans back tax reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen t
>>reporter: and carney noted the president spoke with harry reid and speaker boehner over the weekend. everyone is anticipating another high profile white house meet this week on the fiscal cliff sources in congress say there is you not one on the schedule so far. >>shepard: over the weekend some republicans are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close...
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Nov 29, 2012
11/12
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CNBC
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he did go into harry reid's office. he once again ducked the press on the way out. there was a scrum of reporters waiting outside of harry reid's office to see if he would tell us anything there. he managed to avoid through the back hallways of the capitol building that scrum of reporters. here's now we're told in with speaker of the house john boehner. we'll try to get some word on what exactly is going on in that meeting as soon as it breaks up. we are told by the treasury department not to necessarily expect what they call a readout, which is when they give us some official guidance as to what happened in that meeting. this is a very secretive negotiation. very tense. there are a lot of moving parts. they don't want to telegraph to the press and the markets what is going on. we're doing our best following him in the hallway here. >> that was a very real life moment as he passed the painter halfway up the hall on the right hand side. not the ideal security situation. >> reporter: the one thing you learn on stakeout duty in the capitol building, they never stop pai
he did go into harry reid's office. he once again ducked the press on the way out. there was a scrum of reporters waiting outside of harry reid's office to see if he would tell us anything there. he managed to avoid through the back hallways of the capitol building that scrum of reporters. here's now we're told in with speaker of the house john boehner. we'll try to get some word on what exactly is going on in that meeting as soon as it breaks up. we are told by the treasury department not to...
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Nov 27, 2012
11/12
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. >> i'm reading everywhere that senator harry reid wants to severely curtail and restrain the my in the's power to flu filibuster. what can you tell us about that? >> i would just tell you the senate -- when i got here the senate worked very well. everybody could offer amendments. they were respectful of the amendments they offered. they knew if they took advantage of it, there would be consequences in terms of people not voting for their amendments. we've lost quality leadership in the senate, and harry reid's answer to that is change the rules, and if he changes the rules, he will have totally defeated our founder's purpose of creating a senate where minority rights are protected, and -- and what that will do is that will create two houses of congress rather than a house and a senate, and it just says majority rules with an iron fist. >> so you're going to fight it. >> well, i would tell you, my hope would be that if he carries out his threat, the senate will be shut down until he restores the rights of the minority because that's what our founders did. the reason they did a bicam
. >> i'm reading everywhere that senator harry reid wants to severely curtail and restrain the my in the's power to flu filibuster. what can you tell us about that? >> i would just tell you the senate -- when i got here the senate worked very well. everybody could offer amendments. they were respectful of the amendments they offered. they knew if they took advantage of it, there would be consequences in terms of people not voting for their amendments. we've lost quality leadership...
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Nov 28, 2012
11/12
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stocks fell late today after senate majority leader harry reid said lawmakers are making little progress in resolving the stand-off over tax increases and spending cuts. the dow fell 89 points, the nasdaq lost nine, the s&p 500 down seven. >> tom: as susie mentioned, talks to resolve the fiscal cliff are moving slowly. one reason is that there is deep disagreement over whether entitlement programs like social security and medicare should be on the table right now or not, and the disagreement is sharpest over social security. darren gersh takes a look at why. >> reporter: the number-two man in the senate democratic leadership argues any fix for social security's finances should come after the immediate challenge is out of the way. >> i think we should take social security off the table for the current fiscal cliff and deficit discussion, but be very honest about what we're going to achieve in the near term. >> reporter: republicans pushed back, arguing social security is part of the deficit problem because it is no longer taking in enough in taxes to cover the benefits it pays out. social
stocks fell late today after senate majority leader harry reid said lawmakers are making little progress in resolving the stand-off over tax increases and spending cuts. the dow fell 89 points, the nasdaq lost nine, the s&p 500 down seven. >> tom: as susie mentioned, talks to resolve the fiscal cliff are moving slowly. one reason is that there is deep disagreement over whether entitlement programs like social security and medicare should be on the table right now or not, and the...
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Nov 28, 2012
11/12
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we have heard harry reid say there has been less progress in the talks. it looked to be a benign session. we have been reading how the republicans were open to a deal that includes revenue increases. we aren't reading about how the tea party go against taxes when leadership agrees to it. i'm sure they don't record the presidential election as a referendum to anything. referendum to anything. they vote for the betrayal of their own beliefs. because the tax increases would amount to a de facto destruction of their word not to raise taxes. in other words, let's say you are a hard line democrat. you get higher taxes for the rich. the hard line democrats don't care about the stock market. they probably think that the republicans own stocks anyway. many of the hard liners want a smaller defense budget. here is the bottom line. the combination of these lines believe that the consumer is blissful but ignorant. the bill will come soon enough even if there is no agreement. i say we solve the cliff and have a lot more to be confident about. we go over the cliff and
we have heard harry reid say there has been less progress in the talks. it looked to be a benign session. we have been reading how the republicans were open to a deal that includes revenue increases. we aren't reading about how the tea party go against taxes when leadership agrees to it. i'm sure they don't record the presidential election as a referendum to anything. referendum to anything. they vote for the betrayal of their own beliefs. because the tax increases would amount to a de facto...
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Nov 28, 2012
11/12
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. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect question. look at the chart. here's a chart of today's treasury action against the equity market. indeed, other than around 1:00 eastern after the auction, they've been correlating. stocks go up, rates go up. stocks go down, rates go down. we're trading on pr. if the premise of this exchange is should we trade on headlines, if you're a day trader who understands once you make a trade and the air is gone out of the person you trade it with, that's the only realism that is there. pr doesn't move markets more than the short term. most of the people i talk to on the automated side say these are rhythmic traders with algorithms. >> do you have a theory on why gold is down today? >> my theory is simple. i look a
. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect question. look at the chart. here's a chart of today's treasury action against the equity market. indeed, other than around 1:00 eastern after the auction, they've...
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reports while senate majority leader harry reid today said he is disappointed with the little progress made in recent debt talks according to stand b.c. now we know the u.s. public debt is just rocked is where the dollar collapse people like peter schiff have called for we asked them and who does warren buffett think would make a great treasury secretary charlie rose asked. according to me diamonds are good trades well i think either you or me to him and are going to be i think you'd be terrific because i think he i think he if we did run into problems with markets i think he would actually be the best person you could have been you know. what are we in an alternative alternate universe the london whale commander in chief would be a great person to graduate to the treasury oh my let's get to today's capital account . the directory that the us has been on printing money expanding the fed's balance sheet making money free since the financial crisis how some pundits are predicting hyper inflation but a funny thing happened on the way to hyper inflation the u.s. dollar index instead of col
reports while senate majority leader harry reid today said he is disappointed with the little progress made in recent debt talks according to stand b.c. now we know the u.s. public debt is just rocked is where the dollar collapse people like peter schiff have called for we asked them and who does warren buffett think would make a great treasury secretary charlie rose asked. according to me diamonds are good trades well i think either you or me to him and are going to be i think you'd be...
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Nov 22, 2012
11/12
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harry reid has long defended the perogatives of the senate and of the filibuster even in the face of criticism from his own members, but virtually all of his members now want to do something and he has been infuriated by the way in which mitch mcconnell has carried out, but if you think about t it is a very odd time to do this. the house is under the control. >> you don't get that much. >> of the republicans, so it is not as if the filibuster is the only thing standing in the way >> of the republicans, so it is not as if the filibuster is the only thing standing in the way of democratic program and as norm said, at the beginning of this new congress president obama has a better shot at working with the senate including 6, 8, 10, republicans in using that to put pressure on the house so is this the right time to blow up the senate? >> norm, real quick, do you think we need 67 or 51, whatever you want to do? what do you think is the number of senators? >> institutionally you could do it with 51. you made the key point. in 1975 when they changed the rule they started to do it this way a
harry reid has long defended the perogatives of the senate and of the filibuster even in the face of criticism from his own members, but virtually all of his members now want to do something and he has been infuriated by the way in which mitch mcconnell has carried out, but if you think about t it is a very odd time to do this. the house is under the control. >> you don't get that much. >> of the republicans, so it is not as if the filibuster is the only thing standing in the way...
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Nov 29, 2012
11/12
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it goes against what harry reid told me today. i asked the democratic leader in the senate whether or not geithner had made a specific new offer today. he told me no, no new offer from geithner today. he said that the president had made the democrats' offer two weeks ago. clearly, the details in here are not going to be received favorably by republicans. so we can take this as part of an overall negotiating gambit. >> there are some also trading in exchange for increase in taxes on income over $250,000. a one-year postponement of looming spending cuts in defense and domestic programs, correct? >> right. and i think one of those is going to be key. the defense spending is one of the tricky areas here for republicans. they would like to see spending cuts across the board, but they don't necessarily want to see the extreme spending cuts in defense that we're going to see as part of the so-called sequester. so anything that can be done to bring republicans on board in terms of less cuts in defense spending would be a good thing. but c
it goes against what harry reid told me today. i asked the democratic leader in the senate whether or not geithner had made a specific new offer today. he told me no, no new offer from geithner today. he said that the president had made the democrats' offer two weeks ago. clearly, the details in here are not going to be received favorably by republicans. so we can take this as part of an overall negotiating gambit. >> there are some also trading in exchange for increase in taxes on income...
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Nov 27, 2012
11/12
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reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates argu
reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to...
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Nov 28, 2012
11/12
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FBC
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the argument you hear from many democrats even harry reid today, ying that elections have consequences, and this one americans voted for this. yoyou can. i don't know they voted on more spending. >> there is some truth to what you say. >> a lot. >> all truth. neil: a little. >> we're in the pregehmannal sis, thi -- we in the pregame analysis, does everyone believe we're getting threw this without any spending cuts, of course, not, here is what is going on happen decemr 31 we take steps to resolve some tax issues, it will have a lot to did with how we approach taxes next year, you will seeesome discussion, on cutting some spending but is that going to be carried over? neil: here is what i'm worried about. my point is -- >> you and i will remember this you were not even born. >> 92 neier was i then. neil: you are right. >> he was responsible. neil: idea was, i will raise taxes if you guise come back with spending cuts, he raised taxes, they did notome back with spending cuts. are republicans risking going down the same politically disastrous road. >> we have to cut a lot. there is so muc
the argument you hear from many democrats even harry reid today, ying that elections have consequences, and this one americans voted for this. yoyou can. i don't know they voted on more spending. >> there is some truth to what you say. >> a lot. >> all truth. neil: a little. >> we're in the pregehmannal sis, thi -- we in the pregame analysis, does everyone believe we're getting threw this without any spending cuts, of course, not, here is what is going on happen decemr...
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Nov 27, 2012
11/12
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president obama spoke to harry reid over the phone about the fiscal cliff over the weekend. the white house is making it clear today that the president won't sign a bill that extends tax cuts for those earning $250,000 a year in social security. it will not be part of the fiscal cliff. so we are going to talk about the compromise. we have a congress and to talk about this with us. >> and you for having me cheryl: or a little bill? >> we were waiting and hoping to compromise with its administration. but they they would just never come to the table. >> these democrats want to continue spending on social programs, republicans don't want tax cuts to be touched. you think we can have coromise from both sides on each of these issues? the rhetoric that we are hearing on a television screen is pretty negative. >> he did say that we want and the republicans will reach out to less. cheryl: after the last election, the november election, it was a referendum on many republicans. some of them walked away and said, okay, we did not get the senate back, we are moving forward. our republica
president obama spoke to harry reid over the phone about the fiscal cliff over the weekend. the white house is making it clear today that the president won't sign a bill that extends tax cuts for those earning $250,000 a year in social security. it will not be part of the fiscal cliff. so we are going to talk about the compromise. we have a congress and to talk about this with us. >> and you for having me cheryl: or a little bill? >> we were waiting and hoping to compromise with its...
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Nov 29, 2012
11/12
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to limit the republicans ability to oppose certain legislation. >> harry reid is doing this because he claims republicans are abusing the filibuster. >> i have faced 386 filibusters. >> 386 filibusters during harry reid's six years as majority leader. and given how little congress works some of that has to be mitch mcconnell stopping by harry reid's dinners to block passage of mashed potatoes. >> some of california's famous beaches may be in danger because sand is in short supply. >> we'll show you big names who are fighting for their spot on the sand and why that battle could play out on the east coast. that's ahead on cbs "this morning." >> this portion of cbs "this morning" is sponsored by hershey's. life is delicious. smiles make more smiles. when the chocolate is hershey's. life is delicious. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care ma
to limit the republicans ability to oppose certain legislation. >> harry reid is doing this because he claims republicans are abusing the filibuster. >> i have faced 386 filibusters. >> 386 filibusters during harry reid's six years as majority leader. and given how little congress works some of that has to be mitch mcconnell stopping by harry reid's dinners to block passage of mashed potatoes. >> some of california's famous beaches may be in danger because sand is in...
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Nov 29, 2012
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that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars. the average age of car now is 11 years old. it's 20% of the cars on the road are 16 years old. maybe renewing the cars is a big factor. great numbers for abercrombie and fitch, the shares are up 15%. this is a very well received set of numbers. >> you mentioned the abercrombie stuff. others are not doing well. i think i have figured out the differences between the two clothing companies. maybe it's the marketing campaign that is struggling. here's the classic abercrombie campaign. enough said. and here is aeropostale. buy your stock appropriately. thanks, steve. >>
that flies in the face of harry reid saying little progress is made. that is what is driving the u.s. markets and the global markets as well. the fed's beige book says there is a tepid growth. you have the housing market against that manufacturing and superstorm sandy. interesting stats expected out of the auto sectors. this could be good news. we think there may ab a pace of somewhere in the region of 15.2 million cars sold in november. the fact is that americans got very old fleet of cars....